XRP is creating LHs and looks to be heading for a final dip to the long-term upward trendline (purple) which would make this correction complete.
The ideal scenario is that XRP will complete this correction and with bullish momentum will reach a new ATH within the next 2 months, however, let's see how XRP reacts to this critical support first!
The ideal scenario is that XRP will complete this correction and with bullish momentum will reach a new ATH within the next 2 months, however, let's see how XRP reacts to this critical support first!
Trade closed: stop reached
Trade invalidated due to news about SEC dropping the RIPPLE case! Note
XRP ended up reacting to the news but quickly returned to the trade as planned - reached the critical uptrend line and support. Will provide a new trade idea once we get a reaction in this area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.